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The decision-making basis for the economic evaluation of trap exploration is the Measured PIIP that can be obtained per unit of exploration cost.

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Generally, based on the independence of oil and gas exploration, exploit, and sales stages, the economic evaluation of traps is divided into three stages: economic evaluation of trap exploration, economic evaluation of trap development, and evaluation of trap cash benefits.

Trap economic evaluation is a prediction of the input and output of the trap under the existing economic and technological conditions.

The main parameters affecting the amount of trap resources include four categories: trap volume, oil and gas fullness, reservoir characteristics and hydrocarbon characteristics.

The volume method is mainly used for resource evaluation in the trap exploration stage.